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In depth: China's digital currency ambitions lead the world

Central bank's effort on standards is promoting yuan's international clout

China's central bank digital currency has been tested in three cities so far: Shenzhen, Suzhou and Chengdu.   © Imaginechina/AP

While most of the world's governments are still focused on defeating the novel coronavirus that has plunged the global economy into its worst slump since the Great Depression of the 1930s, central bankers are gearing up to tackle what could become one of the biggest financial challenges of the next decade: digital currencies.

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